Empire Net Debt vs Other Current Liab Analysis
EMP-A Stock | CAD 43.03 0.31 0.72% |
Empire Company financial indicator trend analysis is much more than just examining Empire Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empire Limited is a good investment. Please check the relationship between Empire Company Net Debt and its Other Current Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Company Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Net Debt vs Other Current Liab
Net Debt vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empire Limited Net Debt account and Other Current Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Empire Company's Net Debt and Other Current Liab is -0.16. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Empire Company Limited, assuming nothing else is changed. The correlation between historical values of Empire Company's Net Debt and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Empire Company Limited are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Debt i.e., Empire Company's Net Debt and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Other Current Liab
Most indicators from Empire Company's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empire Limited current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Company Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. Enterprise Value is likely to gain to about 15.8 B in 2024, whereas Discontinued Operations is likely to drop slightly above 67.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 301.9M | 284M | 303.6M | 318.8M | Depreciation And Amortization | 967.1M | 1.0B | 1.1B | 1.1B |
Empire Company fundamental ratios Correlations
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Empire Company Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Empire Company fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.6B | 15.2B | 16.6B | 16.5B | 16.8B | 8.5B | |
Short Long Term Debt Total | 6.9B | 7.1B | 7.5B | 7.3B | 7.4B | 7.7B | |
Other Current Liab | 48.7M | 55M | 32.7M | 102.9M | 54M | 65.3M | |
Total Current Liabilities | 4.1B | 3.5B | 4.2B | 3.9B | 3.9B | 2.4B | |
Total Stockholder Equity | 3.9B | 4.4B | 5.0B | 5.2B | 5.3B | 3.1B | |
Property Plant And Equipment Net | 6.9B | 7.7B | 8.2B | 8.2B | 8.5B | 8.9B | |
Net Debt | 5.9B | 6.2B | 6.6B | 7.0B | 7.1B | 7.5B | |
Retained Earnings | 1.9B | 2.4B | 2.9B | 3.2B | 3.5B | 2.1B | |
Accounts Payable | 3.0B | 2.9B | 3.0B | 3.0B | 3.0B | 1.9B | |
Cash | 1.0B | 890.5M | 812.3M | 221.3M | 259.6M | 373.3M | |
Non Current Assets Total | 11.4B | 12.0B | 13.4B | 13.5B | 13.7B | 14.4B | |
Non Currrent Assets Other | 711.6M | 717.5M | 714.3M | 780.1M | 1.1B | 1.2B | |
Cash And Short Term Investments | 1.0B | 890.5M | 812.3M | 221.3M | 259.6M | 447.9M | |
Net Receivables | 603.7M | 638M | 632.6M | 768.6M | 793M | 461.5M | |
Common Stock Shares Outstanding | 271.4M | 269.3M | 266.2M | 259.4M | 248.4M | 252.1M | |
Liabilities And Stockholders Equity | 14.6B | 15.2B | 16.6B | 16.5B | 16.8B | 8.5B | |
Non Current Liabilities Total | 6.6B | 7.2B | 7.2B | 7.3B | 7.4B | 7.8B | |
Inventory | 1.5B | 1.5B | 1.6B | 1.7B | 1.8B | 1.0B | |
Other Current Assets | 154M | 164.9M | 176.3M | 221.8M | 209.6M | 205.4M | |
Other Stockholder Equity | (3.9B) | (4.3B) | (4.9B) | (5.1B) | 56.2M | 59.0M | |
Total Liab | 10.6B | 10.7B | 11.5B | 11.1B | 11.3B | 11.9B | |
Total Current Assets | 3.3B | 3.2B | 3.2B | 3.0B | 3.1B | 2.1B | |
Accumulated Other Comprehensive Income | 16.1M | 14.6M | 14M | 19.6M | 21.1M | 22.2M | |
Short Term Debt | 1.0B | 537M | 1.1B | 664.7M | 698.9M | 391.0M | |
Intangible Assets | 968.8M | 976M | 1.3B | 1.4B | 1.3B | 721.7M | |
Current Deferred Revenue | (1.0B) | (537M) | (1.1B) | (737.7M) | (663.9M) | (630.7M) | |
Good Will | 1.6B | 1.6B | 2.1B | 2.1B | 2.1B | 1.8B | |
Common Stock | 2.0B | 2.0B | 2.0B | 1.9B | 1.8B | 1.8B | |
Net Tangible Assets | 1.4B | 1.4B | 1.8B | 1.6B | 1.8B | 1.6B | |
Other Assets | 820.3M | 1.3B | 1.2B | 1.1B | 1.3B | 858.9M | |
Long Term Debt | 1.1B | 1.2B | 595.7M | 911.3M | 981.9M | 1.2B | |
Long Term Investments | 619.4M | 577.7M | 684.8M | 701.9M | 688.1M | 688.8M | |
Short Long Term Debt | 570M | 46.5M | 581M | 174M | 113.5M | 107.8M | |
Property Plant Equipment | 2.9B | 6.9B | 7.7B | 8.2B | 9.4B | 5.1B | |
Non Current Liabilities Other | 91.4M | 93M | 356.8M | 279.2M | 5.1M | 4.8M | |
Net Invested Capital | 5.6B | 5.6B | 6.2B | 6.3B | 6.4B | 6.5B | |
Net Working Capital | (804.5M) | (294.7M) | (1.0B) | (902.5M) | (787.7M) | (827.1M) |
Pair Trading with Empire Company
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Empire Company position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Empire Company will appreciate offsetting losses from the drop in the long position's value.Moving together with Empire Stock
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The ability to find closely correlated positions to Empire Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empire Company when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Empire Company - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Empire Company Limited to buy it.
The correlation of Empire Company is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Empire Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Empire Company can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Empire Stock Analysis
When running Empire Company's price analysis, check to measure Empire Company's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Empire Company is operating at the current time. Most of Empire Company's value examination focuses on studying past and present price action to predict the probability of Empire Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Company's price. Additionally, you may evaluate how the addition of Empire Company to your portfolios can decrease your overall portfolio volatility.